Trading fees.
Stock tokens.
Your call.
Hold one token. Let its trading fees buy the stock tokens you choose. A personal basket, paid directly to your wallet.
Explore the holder basket, LP pools and the 1% staking allocation, a planned product, using the controls below.
Distributions, in your mix.
Adjust your basket. The model follows.
Basket allocation. Payouts follow it from the next epoch, planned every 30 minutes.
Protocol liquidity, at a glance.
1% of volume buys positions a program owns.
A fixed share for staking.
Set aside now. The staking program is phase 2.
A dedicated flow from the fee hub to its own wallet. It is a fee allocation, never a staking rate.
The 1% staking allocation is fixed in the treasury program and is set aside on every distribution. Staking itself is phase 2: no program is deployed, nothing accepts a deposit, and no reward rate exists.
YOUR BASKET, YOUR EXPOSURE.
Tokenized stocks issued by Backed.
A simple split.
A continuous flow.
The protocol takes 4% of eligible trading volume and divides it into four equal quarters. Every one of them is fixed in the treasury program, staking included; what is still only planned is the staking product itself.
The 1% staking allocation is fixed in the treasury program and is set aside on every distribution. Staking itself is phase 2: no program is deployed, nothing accepts a deposit, and no reward rate exists. Venue charges are additional: a trader pays 5.4375% all-in on the planned launch curve.
A trade starts the flow.
An eligible trade on the degen.zone curve pays a 4% creator fee. It is the protocol's only source of revenue.
The split is already decided.
The deployed programs book 1% holders, 1% liquidity, 1% staking and 1% operations. The ratios are compile-time constants with no setter; no instruction can change them.
Your basket shapes the buy.
Name up to 4 xStocks and the weights between them. The keeper sums every holder's basket and buys each stock on one route inside a Pyth price guard.
A new epoch, every 30 minutes.
Holders are snapshotted, the allocation is written to a Merkle tree, the root is published and the vault is funded before it activates. A cadence, not a promise of a payout.
Stock tokens arrive in your wallet.
The largest holders are paid automatically. Everyone else claims with one signature, after a review that shows every amount at full precision.
Available after activation
Available after pool rollout
Waiting for the first epoch
Available after the first snapshot
4 markets.
One long-term commitment.
Planned stock pools, opened in this order and gated on verified two-way depth. The percentages are each market's share of new protocol liquidity, not a return.
The fine print.
In full size.
Know what you are holding. Know what you are trusting. These trade-offs are part of the product.
Read the risk guide ↗Tokenized exposure, with issuer powers.
Every xStock is a Token-2022 mint whose permanent delegate is its issuer, Backed. It can freeze or move balances under its terms. This is exposure, not share ownership, and not a promise of dividends.
No volume, no payout.
Payouts are whatever the fee actually bought. They can be zero. Volume can migrate to pools that return nothing to the treasury. No annual rate is quoted anywhere on this site.
Independent audit still ahead.
The programs port audited upstream code with documented deviations and carry their own test suites. An independent review has not been completed. Keeper and contract risk remain.
The authority can exit a pool.
An emergency control held by the protocol authority: it can withdraw liquidity from a pool at any time, with no delay, even while the protocol is paused. The proceeds land only in protocol accounts and cannot be paid out as holder rewards. Moving value out of the protocol still takes seven days of continuous public pause, and the position itself cannot be transferred to anyone.